12/04/2023

IRS Announces New Information Related to Form 1099-K

The agency is hosting a webinar Dec. 14 on the changes

After much controversy over Form 1099-K, the Internal Revenue Service (IRS) is holding a webinar to explain the form, its usage and implications for organizations, businesses and American taxpayers.

Please select this link to learn more about the Form 1099-K Third Party Payment Network Transactions (Card and Electronic payments).

This webinar will provide an overview of the Form 1099-K filing threshold for third-party settlement organizations (TPSOs); information on implementation delay for 2023 and planned $5,000 threshold for 2024. Other information will also be shared.